Ive been quiety working away on a 5 min system which shows some very good promise.
Firstly the indicators:
- MACD (values 38,120,20)
- MA - exp based on low value 60.
Currencies: I am currently using USD/CHF, EURUSD, and monitor about 3 others
SL:
- 5 pips behind the execution candle
Exit:
- 10 pip min and move to breakeven and let a portion of the lot run.
Timeframe : 5 mins during 07:00-18:00 GMT
BUY Execution: MACD crossover and the price is above the MA then buy next candle
In the pic below the yellow portion of the screen is the current trading timeframe (between 7am - 18:00).
Blue arrow: The MACD cross over occurs at 10am
Green Line: Execute
Exit 15pips
Green Line 2: We can re-enter at 11:30 for a potential 40 pips
Also on Friday we recieved a 2nd signal SELL
Red Arrow: 13:45
Entry (Green line 3): However the price does not go below the 60 EMA until 15:00 for a potential 90+ pips
I will try to answer any questions
Thanks
Firstly the indicators:
- MACD (values 38,120,20)
- MA - exp based on low value 60.
Currencies: I am currently using USD/CHF, EURUSD, and monitor about 3 others
SL:
- 5 pips behind the execution candle
Exit:
- 10 pip min and move to breakeven and let a portion of the lot run.
Timeframe : 5 mins during 07:00-18:00 GMT
BUY Execution: MACD crossover and the price is above the MA then buy next candle
In the pic below the yellow portion of the screen is the current trading timeframe (between 7am - 18:00).
Blue arrow: The MACD cross over occurs at 10am
Green Line: Execute
Exit 15pips
Green Line 2: We can re-enter at 11:30 for a potential 40 pips
Also on Friday we recieved a 2nd signal SELL
Red Arrow: 13:45
Entry (Green line 3): However the price does not go below the 60 EMA until 15:00 for a potential 90+ pips
I will try to answer any questions
Thanks